British Retail Consortium (BRC) released the facts and figures for Christmas.
Christmas is the most significant trading era of the year for retailers in the UK, with approximately 40 percent – 60 percent of many larger retailers turnover being made between November and January – 'the Golden Triangle'.
To mark this significant period, the BRC has compiled a special fact-sheet outlining how much consumers spend and what they spend their money on at Christmas.
- Total spending in December 2004 was £31 billion, of which £14 billion was spent in the two weeks leading up to Christmas and £5 billion in the week after Christmas. Of the £31 billion, £10 billion was specifically for Christmas purchases.
- On average, each person will spend £330 on Christmas gifts. - On average, each household will spend approximately: - £160 on food and drink - £660 on gifts - £20 cards and postage - £25 decorations - £20 crackers - £35 Christmas trees
This year they will spend more than £1.2 billion on Christmas trees, with between 34 – 36 million trees produced to cope with demand.
They will send an estimated 1.7 billion Christmas cards to friends and family. Christmas wrapping paper sold in the UK equates to 83 sq km, which is enough to cover 33 Hyde Parks.
Christmas costs £920 for the day. Based on a 12-hour day this works out at £1.28 per minute, and £76.66 per hour.
The average Christmas lunch costs £12 per head (excluding alcohol). They will consume 30 million turkeys this Christmas with a market value of £305 million. On average, children will receive gifts worth more than £250.
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